ActionForex

Dollar weakens broadly overnight on Trump’s attack on Fed’s policy. It started after Bloomberg reported that Trump lamented Fed chair Jerome Powell for not being the...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2713; (P) 1.2735; (R1) 1.2771; Intraday bias in GBP/USD remains neutral at this point. Some more consolidations would be seen above 1.2661 temporary low. But...

The forex markets are rather quiet today with major pairs and crosses bounded in Friday’s range. It’s back to business as usual for a Monday, without any surprise. For now, Swiss Franc is...

EUR/JPY Daily OutlookDaily Pivots: (S1) 125.78; (P) 126.19; (R1) 126.81; Intraday bias in EUR/JPY remains neutral for consolidation above 124.89 temporary low. As long as 126.98 minor resistance...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5618; (P) 1.5650; (R1) 1.5669; EUR/AUD drops notably today but stays above 1.5578 temporary low. Intraday bias remains neutral first. On the downside, below...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3123; (P) 1.3149; (R1) 1.3185; Intraday bias in USD/CAD remains neutral with focus on 1.3049 minor support. Firm break there will indicate completion of...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.20; (P) 110.62; (R1) 110.94; Intraday bias in USD/JPY remains neutral at this point. And near term outlook remains unchanged too. The corrective decline...

EUR/JPY Daily OutlookDaily Pivots: (S1) 125.46; (P) 125.98; (R1) 126.67; Intraday bias in EUR/JPY remains neutral for the moment. With 126.98 minor resistance intact, deeper fall could still be seen....

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5624; (P) 1.5669; (R1) 1.5711; Intraday bias in EUR/AUD remains neutral for the moment. On the upside, above 1.5725 will extend the rebound form 1.5578 to...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1339; (P) 1.1374 (R1) 1.1413; Intraday bias in EUR/USD remains neutral for consolidation above 1.1300 temporary low. With 1.1430 minor resistance intact,...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9930; (P) 0.9953; (R1) 0.9990; USD/CHF is staying in range of 0.9894/9984 and intraday bias remains neutral. On the upside, above 0.9984 will resume the...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7228; (P) 0.7258; (R1) 0.7291; Intraday bias in AUD/USD remains neutral for consolidation above 0.7201 temporary low. Upside of recovery should be limited by...

The strong stock rallies in the US generally carry through to Asian session. At the time of writing, Nikkei is up trading up 0.45%, Hong Kong HSI up 0.58%, Singapore Strait Times up 0.52%. That...

EUR/JPY Daily OutlookDaily Pivots: (S1) 124.91; (P) 125.64; (R1) 126.38; EUR/JPY edged lower to 124.89 but quickly recovered. Intraday bias is turned neutral first. Considering mild bullish...

While the financial markets are staying in risk averse mode generally, two development helped stabilized sentiments mildly. Firstly, Qatar offered to inject investments in Turkey as an act of...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5644; (P) 1.5681; (R1) 1.5713; EUR/AUD’s recovery stalled at 1.5725 and retreated. Intraday bias is turned neutral again with 4 hour MACD crossed below...